MQS Management LLC purchased a new stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,649 shares of the industrial products company's stock, valued at approximately $562,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. increased its holdings in Casella Waste Systems by 15.0% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 3,590 shares of the industrial products company's stock valued at $355,000 after purchasing an additional 467 shares during the period. SG Americas Securities LLC bought a new position in shares of Casella Waste Systems during the first quarter worth about $263,000. Swiss National Bank lifted its stake in shares of Casella Waste Systems by 0.3% in the first quarter. Swiss National Bank now owns 112,500 shares of the industrial products company's stock worth $11,123,000 after acquiring an additional 300 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in Casella Waste Systems during the 1st quarter worth approximately $316,000. Finally, US Bancorp DE increased its position in shares of Casella Waste Systems by 7.9% during the first quarter. US Bancorp DE now owns 3,715 shares of the industrial products company's stock worth $367,000 after buying an additional 272 shares during the period. Institutional investors and hedge funds own 99.51% of the company's stock.
Insider Activity at Casella Waste Systems
In other Casella Waste Systems news, SVP Paul Ligon sold 1,730 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $106.81, for a total value of $184,781.30. Following the sale, the senior vice president now directly owns 21,085 shares in the company, valued at $2,252,088.85. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 4.24% of the stock is owned by company insiders.
Casella Waste Systems Stock Up 2.2 %
NASDAQ:CWST traded up $2.37 during trading hours on Wednesday, hitting $109.88. 365,512 shares of the company traded hands, compared to its average volume of 315,954. The firm's 50-day simple moving average is $102.38 and its 200-day simple moving average is $101.17. The company has a market cap of $6.96 billion, a PE ratio of 914.75, a PEG ratio of 6.37 and a beta of 0.99. The company has a quick ratio of 2.48, a current ratio of 2.55 and a debt-to-equity ratio of 0.68. Casella Waste Systems, Inc. has a one year low of $79.16 and a one year high of $111.01.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.28 by ($0.01). Casella Waste Systems had a return on equity of 3.04% and a net margin of 0.46%. The business had revenue of $411.63 million for the quarter, compared to the consensus estimate of $412.59 million. During the same quarter last year, the business posted $0.35 earnings per share. The business's revenue was up 16.7% compared to the same quarter last year. Equities analysts predict that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on CWST shares. William Blair assumed coverage on Casella Waste Systems in a report on Thursday, October 3rd. They issued an "outperform" rating for the company. Stifel Nicolaus reiterated a "buy" rating and set a $117.00 price objective (up previously from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. Raymond James boosted their target price on Casella Waste Systems from $121.00 to $122.00 and gave the company a "strong-buy" rating in a research report on Thursday, September 19th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Casella Waste Systems from $114.00 to $107.00 and set a "hold" rating on the stock in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Casella Waste Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $111.50.
Check Out Our Latest Analysis on Casella Waste Systems
Casella Waste Systems Company Profile
(
Free Report)
Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.
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